CONCOR's had a relatively challenging year in our operations & business due to many external factors and many new happenings. However, I am happy that we withstood all the uncertainties and came out successfully and stronger to look forward to a bright future ahead. I wish to share with you the new initiatives taken in the previous year.
1. Introduction of Timetabled Container trains, the first of its kind on Indian Railways both in the Domestic & EXIM sectors because of which we are being able to attract new cargo through our services.
2. We made operational our new facilities at 4 locations. We also started our operations at Krishnapatnam Port and will soon be starting at Paradip Port too, thereby making our presence at all Gateway Ports offering Container traffic.
3. We are also entering into strategic tie ups to extend our boundaries. From one such collaboration, we got 3 new facilities added to our network. Thus in total, we are present today at 69 locations, 66 of ours and 3 additional facilities as a result of the tie up, and all the Gateway Ports.
Having looked at all these good initiatives we are aware of the new forthcoming challenges such as, the initiative of Direct Port Delivery as a part of ease of doing business and its impact on Rail Share, subdued Diesel prices and thus competition from Road Transport especially for longer distances, Demonitisation and its effect on the Logistics sector etc.
I am sure with our experience, efficiency and the ecosystem we have developed over the years, we are ready to face these challenges and can take further initiatives to convert these challenges into opportunities. It is expected that the overall economy will be taking an upswing in this calendar year, especially with the rolling out of GST. With our pan India network which is in place and with the expected challenges and opportunities in the Logistics industry, we are committed to take CONCOR to newer heights and continue to be a leader in the Multi Modal Logistics arena.
I am confident that with the initiatives and professional approach of our entire team, we will definitely set the path from Navaratna to Maharatna in the coming years.
I wish you and your family members a very Happy and Prosperous New Year 2017.
V. Kalyana Rama
Chairman & Managing Director